Discussion Post
• A monopolist sets a higher price in a market where price elasticity of demand is higher, as compared to another market. Is the statement true, false or uncertain? Explain and justify your answer.
• If a firm satisfies profit maximizing condition, it necessarily makes positive profit. Is the statement true, false or uncertain? Explain and justify your answer.
• The marginal cost curve is the supply curve of a firm. Is the statement true, false or uncertain? Explain and justify your answer.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.